Up moves, Down moves and Sideways price moves. Trend indicators help defining the prevailing direction – trend – of the price moves by smoothing forex off trend indicator data over a certain period of time. In simple words, Trend indicators allow to visualize Trends in the market. May I please ask about trend lines.
Are they also belong to trend indicators. If yes, why you don’t mention it here. Trend lines are not exactly indicators, but rather technical tools. Trend lines are graphical analytical tools, applied by traders without any mathematical formula behind them. However, you’ll be right naming trend lines as indicators if we start speaking about automated trading systems, where even trend lines are drawn by a software.
Here we’ve covered Forex trend lines. I will be very happy if you can help me with it. I don’t have any particular e-books on these subjects, unfortunately. I think browsing through the maze of Forex websites can bring some results.